Aussie here, I moved my Super (equivalent to 401K) into cash 2 weeks ago. In a few weeks I'll be moving it all into US shares. The US fundamentals are strong, and when the US starts to recover, AND PUNISH CHINA, it will only get stronger!
When did this site turn into an episode of Jim Kramer's Mad Money? Telling everyone to sink their money in while we're still in the middle of mass hysteria, just because it helps Trump if the market goes up.
Needless to say, THINK before you act, people. The 2008 crash didn't need a pandemic to set it off, just idiotic business practices. And those practices haven't changed.
I have a decent amount of cash on hand, but I don't have the balls to just throw it into the market right now. That said, I haven't sold off any stocks over these past few weeks, and my paycheck contribution is still going into the market as usual.
I can understand not wanting to buy, but all these people who are selling are retards. All that does is guarantee a huge lose. If you haven't sold, you haven't really lost a dime yet. The market will come back. Just sit back and enjoy the ride =)
I would buy blue chip stocks that are shitting the bed. Things like Boeing which are down almost 50%... you are getting a 2 for 1 right now and no matter how nervous people are I will guarantee Boeing will not be going out of business due to cornoavirus. In 2 years you will be glad you did.
You're getting downvoted because you chided a commentor for "telling everyone to sink their money in," and then you turn around and tell people to sell.
Math? I love guys like you who dont even use math but pretend like you do to make other people feel stupid. There is no math invovled here and you certainly haven't displayed math ability or basic market understanding. Probably quit while you're ahead.
Absolutely not better to sell after a drop like this because you're taking a loss anyway
You take less of a loss if you sell on the way down, then buy at the bottom. This is so stupidly obvious, but then again the desire to rah-rah the market is making people here into ignoramuses lately.
Please stop giving investment advice. You don't understand it and will do more harm than good. You do realize you are calling people ignorant while displaying incredible ignorance right? Oh wait, you can't because you are ignorant. This is some classic lefty shit here. We know some of you come in here to start and nothing more.
Its a huge fooqin risk though mate. Yea ye can definitely come up if it tanks to 2016 levels, otherwise you may be throwing money out the window. What if it hops back a few thousand points in a couple weeks and you cashed out all your chips? Now buying back in with money ye pulled will result in lessened shares. Huge gamble unless ye young af and can roll the dice.
Oh are we still giving massive subprime loans to people who can never pay them back? Bullshit dude. Investing is always a risk. Our economy is stronger than it has been this century. Sorry that bothers you.
Also, after a huge selloff like this is a perfect time to buy. That's just how it works. Maybe you are one of those that thinks China flu is going to kill us all and rage right on through summer.
Because it's retarded and the guy has demonstrated a compete lack of market fundamentals and yet wants to call us all ignorant. You can be sure this is a lefty trying to start shit and misinform everyone while trying to appear smart. Classic.
Really? I wouldn't personally. They have seriously cut back production and it doesn't look to me like there is going to be a return to increasing air travel. I get that you buy low but I'm not convinced that the leadership at Boeing is any good. I hope you're right and wish you luck though. Glad you aren;t letting the panic get to you
1 month ago (Feb 13) Dow was 29,426, Boeing $342.82. Nothing has really changed since then besides Corona virus panic selling... I get that the super 8 has problems but they will get over those. I'm not expecting it to rise overnight.
Just make sure the Dems don't steal our election first. I fully expect them to rig it again because they got away with it last time without a single charge. If there is no punishment for a crime they will continue to commit it.
Its a no brainer when the market moves. Been buying PUTs for the past month, making bank like never before. When it turns around, this market will be at a discount and buying CALLs will be fantastic.
As a fellow pede, let me help you here. Make yourself a nice cup of coffee, get a pen, and small notepad to take notes.
then go back to your brokerage account and its options section, and you will not find it overwhelming... in fact, you will see nothing but opportunities.
If you have a put option too sell 100 shares of XYZ at 100, and XYZ is trading at 80, you can go buy the shares on the market for 80 and immediately sell them for 100. I think some brokerages will do this automatically, or just settle the trade for cash, but it doesn't matter because you can just sell the option itself and someone else will handle it.
Exactly. However, when you get to the end of your contract, you've expired a lot of the extrinsic value...
So if you have a Put @ $100 strike, and it reaches $80 early, that's much better value than reaching $80 at expiration. I very rarely let contract expires, I trade them before that.
On PUTs expiry, my broker opens a short position , on a CALL expiry, they buy the stock and sell it if I can't cover the cost.
Real World Example: On March 2, I bought 100x MAR200417P80 @ $1
That's a PUT on Marriott with expiry 2020/04/17 with a Strike Price of $80 and a cost of $1 . So it was very much (and still is) Out of the Money on the strike price. 100 contracts of 100 shares @ $1 was $10,000 (+brokerage fee)
And there's still over a month on the contract expiry. I'll likely sell it early next week. And will have turned $10k into $85k in 2 weeks.
So what's the risk? On buying a PUT, I stand to lose no more than 100% of my purchase price, for a return that potentially unlimited (well not really, but it's open ended til the share price reaches $0). So I risked $10k to get $85k.
The problem is that the people who sell options, know this and are charging massive premiums for options right now. you're better off just buying 3x long S&P etf's.
Kudos to you for getting off to such a great financial start. :-)
For a little perspective, hubby and I lost big chunks of our nest egg when the dot-com bubble burst and again in the 2008-2009 financial crisis. We stayed in the market and recouped our losses and resumed growth in a year or two.
Between the Wuhan virus and the election, the stock market is going to be a wild ride until at least November. Buckle up!
Open a vanguard account and buy whole market mutual funds. Think of it as a long term savings account. Only put money in that you will not need for at least a year. Better if it's money you won't need for 5 years.
Vanguard has a feature to automatically pull money from your bank and throw it in any mutual funds you specify. Set up that auto deposit once a month. Choose a random day in the middle of the month (prices go up a little bit at the beginning of the month because of everyone else doing auto buys).
Once you set up that auto buy, don't touch it. In fact don't look at it. Only check it on your birthday for a pleasant little surprise and a nice little gift for yourself. Then close the browser and don't look at it again until next year.
I managed to set aside $145,000 over 9 years doing this. All while living a completely normal life. All I did was direct deposit some money and treat it as a savings account.
Remember that time in the market beats timing the market. The time to buy is "consistently over a long period of time". Not "when the market crashes".
If you have to drive from New York to California (retirement), you can either drive 60 miles per hour for a long time, or try to drive 400 miles per hour for a short time. You are more likely to crash and die driving at 400 miles per hour than 60 miles per hour.
I wouldn't. Because all these idiots buying toilet paper now aren't going to be buying more for the next year. The number of asses that need to be wiped per day hasn't fundamentally changed. Any spike in production now will be at the cost of production tomorrow.
Yoiu want things that will grow over many years and TP will not. I mean if you are a day trader it could have been worth it a week ago (maybe) but the increased demand is irrational.
Electric cars are a lot easier to manufacture than combustion engine vehicles. Panasonic did pull out, but they announced their US battery plant turned a profit which was huge news. Honda and Toyota are about 6 years behind Tesla on electric vehicles as a huge portion of their spending goes towards making combustion engines. Toyota (largest car producer) can produce about 12mil cars a year, and Tesla is estimating that they can product around 20mil when scaled because battery powered cars are just simply quicker to manufacture.
General Motors and Ford have only just started playing the game. Everyone is acting like Tesla is the only one who thought of electric cars. The big boys have been playing with the idea for years, but electric cars just aren't economically viable due to battery limitations.
Batteries are getting better. There will be a tipping point when batteries are "good" and electric cars are economically viable. General Motors and Ford haven't been sitting around with their thumbs up their asses. They can flip a switch and flood the country with electric cars when the time is right.
The entire Volt car line from GM was a "lol, let's see what happens" experiment. And I don't know about you, but I saw 50 Volts for every 1 Tesla on the road.
The problem with the legacy companies' electric cars is that they're designed for the "hey everyone look at me I'm driving an electric car" douchebag crowd. I suspect that Tesla is tapping into a market for enviro-Nazis that don't want to drive these little pieces of shit.
I'm not a car guy, most other Americans aren't either - I don't really give a shit if the thing that gets me from point A to point B is electric or gas. They want something practical that looks nice at a competitive price, not some dinky hunk of plastic that looks like hell.
Also, the infrastructure really isn't there yet. You are right, Ford and Chevy are just biding their time.
The bigger car companies can’t pivot as easily and they sink a huge portion of their spending into manufacturing combustion engines, this includes supply lines and facilities. If they were to go all in to compete with Tesla they’d have to scrap their entire operation from the ground up and eat upwards of $250billion in losses due to dropping combustion engines. They simply don’t have the capital or the ability to start an entire new type of vehicle production.
If they were to go all in to compete with Tesla they’d have to scrap their entire operation from the ground up
This was an insightful observation in 2005. Of course you're right that the entrenched automotives can't spin on a dime. Which is why they didn't. Which is why they've been doing their slow lumbering march towards electric cars over the past 10 years. Tesla blew their surprise attack window. The company was founded in 2003, 17 years ago. GM, Ford, Mercedes-Benz, BMW, Nissan, Honda, and Toyota aren't standing around with their dicks in their hands.
never trust elon musk. hes not tony stark as people want to believe. hes not some amazing super genius, he was in the right place at the right time for paypal and got rich. he often lies about crazy shit like the hyperloop and commercial passenger rockets.
Buy viix when the market is going down, that goes up in a down market. And buy more of everything! It's gonna go back up someday soon. It's not going to be down forever, and when it does go back up, you'll be upset you didn't buy more!
True but not as upset as all the panicked idiots who are selling off right now will be. Just check out that guy above telling us to sell and calling us ignorant lol. That guy's going to be fucked.
I'm riding the PUTs Lollercoaster for the past 3 weeks. Fantastic.
All the YoYoing makes for great Reload days on the way down!
Can't wait for this to turn around. The V Shape upward leg will be so fantastic.. I'm already salivating coronavirus all over me thinking of the swole gains to come
Trump economy doubled me and my friends income. Never bothered to invest since it wasn't timely. Now I got a roth, a hsa fund and am increasing my 401 contributions.
So far no big plays, just staging my money in investment accounts waiting.
We should start an investing group at some point. I've learned markets are slow, rich people are lazy, lots of money to be made when uninformed people panic and remember they have stocks.
I dont think weve seen the bottom of airline stocks yet. I have been slow buying them. Let's see where we are at the end of next week. The south is on spring break next week and disney is shut for three weeks. Its gonna be hell on the airlines. They're gonna suffer. They will go back up once this passes and everyone has been exposed and its over. By the end of the year, itll be pretty
CNN had a headline earlier that said "Stocks are on the rise, and nobody knows why."
Some people have built immunity to hysteria bullshit, especially when its apparent that its being politicized. Once the reality that the Wuhan Commie Virus was a ploy to destroy our economy, patriots will make sure that we fight back.
Yeah every time it went down I was like, no way people can be any dumber than this and so I didn’t buy puts. I did sell some calls at least. But each time I thought we had hit peak stupid some dude bought some more toilet paper because CoronaZombies can’t cross it or something.
Thank the "Survival" and "Preping" shows on TV. Toiletpaper is presented in those like some holy grail, a must have survival item without which civilisation can not be rebuilt...
It's all so ridiculous. We bought a box of the industrial "large" rolls that you would find in a public bathroom, just to keep on hand in case. It was six rolls. Would last a year almost? ]
Was shopping our local store the other day (surprise!) it was $10.47 for 12 little rolls No thanks
Aussie here, I moved my Super (equivalent to 401K) into cash 2 weeks ago. In a few weeks I'll be moving it all into US shares. The US fundamentals are strong, and when the US starts to recover, AND PUNISH CHINA, it will only get stronger!
Rise with us!
I’m buying Dogecoin. To the moon!
When did this site turn into an episode of Jim Kramer's Mad Money? Telling everyone to sink their money in while we're still in the middle of mass hysteria, just because it helps Trump if the market goes up.
Needless to say, THINK before you act, people. The 2008 crash didn't need a pandemic to set it off, just idiotic business practices. And those practices haven't changed.
I have a decent amount of cash on hand, but I don't have the balls to just throw it into the market right now. That said, I haven't sold off any stocks over these past few weeks, and my paycheck contribution is still going into the market as usual.
I can understand not wanting to buy, but all these people who are selling are retards. All that does is guarantee a huge lose. If you haven't sold, you haven't really lost a dime yet. The market will come back. Just sit back and enjoy the ride =)
I would buy blue chip stocks that are shitting the bed. Things like Boeing which are down almost 50%... you are getting a 2 for 1 right now and no matter how nervous people are I will guarantee Boeing will not be going out of business due to cornoavirus. In 2 years you will be glad you did.
Not if it goes down after you sell it. I figured this was basic knowledge. It's better to sell then buy at the bottom than sit on it.
is it?
Um, yes? I'm getting downvoted for basic math now, hilarious if you ask me.
You're getting downvoted because you chided a commentor for "telling everyone to sink their money in," and then you turn around and tell people to sell.
Math? I love guys like you who dont even use math but pretend like you do to make other people feel stupid. There is no math invovled here and you certainly haven't displayed math ability or basic market understanding. Probably quit while you're ahead.
You take less of a loss if you sell on the way down, then buy at the bottom. This is so stupidly obvious, but then again the desire to rah-rah the market is making people here into ignoramuses lately.
Please stop giving investment advice. You don't understand it and will do more harm than good. You do realize you are calling people ignorant while displaying incredible ignorance right? Oh wait, you can't because you are ignorant. This is some classic lefty shit here. We know some of you come in here to start and nothing more.
Where's the bottom, genius?
That’s assuming you call the bottom correctly. Also you can’t buy back within 30 days and still claim those as losses for tax purposes.
Its a huge fooqin risk though mate. Yea ye can definitely come up if it tanks to 2016 levels, otherwise you may be throwing money out the window. What if it hops back a few thousand points in a couple weeks and you cashed out all your chips? Now buying back in with money ye pulled will result in lessened shares. Huge gamble unless ye young af and can roll the dice.
Oh are we still giving massive subprime loans to people who can never pay them back? Bullshit dude. Investing is always a risk. Our economy is stronger than it has been this century. Sorry that bothers you.
Also, after a huge selloff like this is a perfect time to buy. That's just how it works. Maybe you are one of those that thinks China flu is going to kill us all and rage right on through summer.
Because it's retarded and the guy has demonstrated a compete lack of market fundamentals and yet wants to call us all ignorant. You can be sure this is a lefty trying to start shit and misinform everyone while trying to appear smart. Classic.
Right this minute:
$1000 into XOM exxcon Mobile
$1000 into RTN Raytheon
$3k into Boeing for me...
Really? I wouldn't personally. They have seriously cut back production and it doesn't look to me like there is going to be a return to increasing air travel. I get that you buy low but I'm not convinced that the leadership at Boeing is any good. I hope you're right and wish you luck though. Glad you aren;t letting the panic get to you
1 month ago (Feb 13) Dow was 29,426, Boeing $342.82. Nothing has really changed since then besides Corona virus panic selling... I get that the super 8 has problems but they will get over those. I'm not expecting it to rise overnight.
Yup, buying some XOM but still feeling for the bottom
Also I'm afraid of anything with BP or other progressive run oil company that wants to exit the oil industry
Chine is asshoe!
My trusted financial planner said they will be buying too...
Just make sure the Dems don't steal our election first. I fully expect them to rig it again because they got away with it last time without a single charge. If there is no punishment for a crime they will continue to commit it.
Up and down. Upvote and buy the dip.
https://wallstreetautist.com/products/buy-the-dip-faggot-mug-1
Buying call options.
Its a no brainer when the market moves. Been buying PUTs for the past month, making bank like never before. When it turns around, this market will be at a discount and buying CALLs will be fantastic.
As a fellow pede, let me help you here. Make yourself a nice cup of coffee, get a pen, and small notepad to take notes.
Spend 1 Hr watching this easy video: https://www.youtube.com/watch?v=3bELT5FZCic
then go back to your brokerage account and its options section, and you will not find it overwhelming... in fact, you will see nothing but opportunities.
Bookmarked! Thanks, ‘pede, I’ve been needing a good primer.
I'll trade a 1986 Chevy Celebrity with 80,000 miles, for stock options /s not /s
If you have a put option too sell 100 shares of XYZ at 100, and XYZ is trading at 80, you can go buy the shares on the market for 80 and immediately sell them for 100. I think some brokerages will do this automatically, or just settle the trade for cash, but it doesn't matter because you can just sell the option itself and someone else will handle it.
Exactly. However, when you get to the end of your contract, you've expired a lot of the extrinsic value...
So if you have a Put @ $100 strike, and it reaches $80 early, that's much better value than reaching $80 at expiration. I very rarely let contract expires, I trade them before that.
On PUTs expiry, my broker opens a short position , on a CALL expiry, they buy the stock and sell it if I can't cover the cost.
Real World Example: On March 2, I bought 100x MAR200417P80 @ $1
That's a PUT on Marriott with expiry 2020/04/17 with a Strike Price of $80 and a cost of $1 . So it was very much (and still is) Out of the Money on the strike price. 100 contracts of 100 shares @ $1 was $10,000 (+brokerage fee)
As of today, the MAR200417P80 is about $8.50. ( https://finance.yahoo.com/quote/MAR200417P00080000?p=MAR200417P00080000 )
And there's still over a month on the contract expiry. I'll likely sell it early next week. And will have turned $10k into $85k in 2 weeks.
So what's the risk? On buying a PUT, I stand to lose no more than 100% of my purchase price, for a return that potentially unlimited (well not really, but it's open ended til the share price reaches $0). So I risked $10k to get $85k.
The problem is that the people who sell options, know this and are charging massive premiums for options right now. you're better off just buying 3x long S&P etf's.
The Volatility Index right now is insane. That's why I have been going on big swings only, otherwise the movements are bit crazy
This. I’ve bought as many as I could which is not as many as I wish I could...
Kudos to you for getting off to such a great financial start. :-)
For a little perspective, hubby and I lost big chunks of our nest egg when the dot-com bubble burst and again in the 2008-2009 financial crisis. We stayed in the market and recouped our losses and resumed growth in a year or two.
Between the Wuhan virus and the election, the stock market is going to be a wild ride until at least November. Buckle up!
Plan on dropping about a couple grand in Tesla Monday morning around 8:30am, feeling like that will be the deepest dip. Thoughts?
Wish I knew anything about doing this. Would it be worth putting a few hundred in or is it only worth your time if your playing with thousands?
Open a vanguard account and buy whole market mutual funds. Think of it as a long term savings account. Only put money in that you will not need for at least a year. Better if it's money you won't need for 5 years.
Vanguard has a feature to automatically pull money from your bank and throw it in any mutual funds you specify. Set up that auto deposit once a month. Choose a random day in the middle of the month (prices go up a little bit at the beginning of the month because of everyone else doing auto buys).
Once you set up that auto buy, don't touch it. In fact don't look at it. Only check it on your birthday for a pleasant little surprise and a nice little gift for yourself. Then close the browser and don't look at it again until next year.
I managed to set aside $145,000 over 9 years doing this. All while living a completely normal life. All I did was direct deposit some money and treat it as a savings account.
Remember that time in the market beats timing the market. The time to buy is "consistently over a long period of time". Not "when the market crashes".
If you have to drive from New York to California (retirement), you can either drive 60 miles per hour for a long time, or try to drive 400 miles per hour for a short time. You are more likely to crash and die driving at 400 miles per hour than 60 miles per hour.
Will look into this, thanks for the reply
I'm recommending buying ETFs with low commission in >2 industries for 80% portfolio, and 10+ stocks with none being more than 5% of portfolio.
How's that for getting lots of picks while spreading risk?
Also doing DRIP
Both companies are woke. Disney can get away with that shit but flying suffers no fools. Diversity hires caused their recent fuckups.
Invest in toilet paper companies?
I wouldn't. Because all these idiots buying toilet paper now aren't going to be buying more for the next year. The number of asses that need to be wiped per day hasn't fundamentally changed. Any spike in production now will be at the cost of production tomorrow.
You know your shit....
Dude don't listen to him, he just talks shit
visa and mastercard are looking good too
Yoiu want things that will grow over many years and TP will not. I mean if you are a day trader it could have been worth it a week ago (maybe) but the increased demand is irrational.
Pre-market is already up halfway but if we are lucky that was the bottom.
My guess is that next week will be the real bloodbath.
If you look at all stock market crashes, there's always been a bump on a Friday before the bottom falls out on Monday or Tuesday.
It wasn't the bottom. We're still only up to our knees with this covid-19 shit. We'll be over the hump in April.
They just launched their model Y way ahead of schedule, what makes you think their stock will tank?
Electric cars are a lot easier to manufacture than combustion engine vehicles. Panasonic did pull out, but they announced their US battery plant turned a profit which was huge news. Honda and Toyota are about 6 years behind Tesla on electric vehicles as a huge portion of their spending goes towards making combustion engines. Toyota (largest car producer) can produce about 12mil cars a year, and Tesla is estimating that they can product around 20mil when scaled because battery powered cars are just simply quicker to manufacture.
General Motors and Ford have only just started playing the game. Everyone is acting like Tesla is the only one who thought of electric cars. The big boys have been playing with the idea for years, but electric cars just aren't economically viable due to battery limitations.
Batteries are getting better. There will be a tipping point when batteries are "good" and electric cars are economically viable. General Motors and Ford haven't been sitting around with their thumbs up their asses. They can flip a switch and flood the country with electric cars when the time is right.
The entire Volt car line from GM was a "lol, let's see what happens" experiment. And I don't know about you, but I saw 50 Volts for every 1 Tesla on the road.
The problem with the legacy companies' electric cars is that they're designed for the "hey everyone look at me I'm driving an electric car" douchebag crowd. I suspect that Tesla is tapping into a market for enviro-Nazis that don't want to drive these little pieces of shit.
I'm not a car guy, most other Americans aren't either - I don't really give a shit if the thing that gets me from point A to point B is electric or gas. They want something practical that looks nice at a competitive price, not some dinky hunk of plastic that looks like hell.
Also, the infrastructure really isn't there yet. You are right, Ford and Chevy are just biding their time.
The bigger car companies can’t pivot as easily and they sink a huge portion of their spending into manufacturing combustion engines, this includes supply lines and facilities. If they were to go all in to compete with Tesla they’d have to scrap their entire operation from the ground up and eat upwards of $250billion in losses due to dropping combustion engines. They simply don’t have the capital or the ability to start an entire new type of vehicle production.
This was an insightful observation in 2005. Of course you're right that the entrenched automotives can't spin on a dime. Which is why they didn't. Which is why they've been doing their slow lumbering march towards electric cars over the past 10 years. Tesla blew their surprise attack window. The company was founded in 2003, 17 years ago. GM, Ford, Mercedes-Benz, BMW, Nissan, Honda, and Toyota aren't standing around with their dicks in their hands.
I don’t think it will- but to be honest I am new at this and can always use a second opinion :) thanks!
never trust elon musk. hes not tony stark as people want to believe. hes not some amazing super genius, he was in the right place at the right time for paypal and got rich. he often lies about crazy shit like the hyperloop and commercial passenger rockets.
Buy viix when the market is going down, that goes up in a down market. And buy more of everything! It's gonna go back up someday soon. It's not going to be down forever, and when it does go back up, you'll be upset you didn't buy more!
True but not as upset as all the panicked idiots who are selling off right now will be. Just check out that guy above telling us to sell and calling us ignorant lol. That guy's going to be fucked.
I'm riding the PUTs Lollercoaster for the past 3 weeks. Fantastic.
All the YoYoing makes for great Reload days on the way down!
Can't wait for this to turn around. The V Shape upward leg will be so fantastic.. I'm already salivating coronavirus all over me thinking of the swole gains to come
Stop. I can only get so hard
Stonks only go up. But sometimes they go down. That’s when we play down the market. But they go up eventually! BUY THE FUCKING DIP.
DONALD PUMP. LET’S FUCKIN GO!
Kek willing!
Just picked up Marathon oil. Bought Ford a bit too soon, but still will do well. Looking at a few more possibilities today!
I haven’t lost a dime in the market - I haven’t sold anything!!!!!
You haven't lost anything until you've sold it.
Gotta lock in those losses, right babe?
Been averaging down on Disney. It's brutal but keeping on.
Forgoing nice things for a while and dumping all disposable income to the market. Saving my acorns for the winter.
Trump economy doubled me and my friends income. Never bothered to invest since it wasn't timely. Now I got a roth, a hsa fund and am increasing my 401 contributions.
So far no big plays, just staging my money in investment accounts waiting.
Nice. Can't say doubled, but got a nice promotion and two raises under Trump.
Recently single and little life expenses currently. And can't really go out much with this virus, so I'm just investing it all.
Might be a pretty lame few months of internet and gaming, but may end up being very fruitful.
We should start an investing group at some point. I've learned markets are slow, rich people are lazy, lots of money to be made when uninformed people panic and remember they have stocks.
I don’t know what that is, but it appears I’m upvoting it.
Looking at United airlines. Potential for 100% profit of you look at the five year trend vs where it's at now.
I dont think weve seen the bottom of airline stocks yet. I have been slow buying them. Let's see where we are at the end of next week. The south is on spring break next week and disney is shut for three weeks. Its gonna be hell on the airlines. They're gonna suffer. They will go back up once this passes and everyone has been exposed and its over. By the end of the year, itll be pretty
CNN had a headline earlier that said "Stocks are on the rise, and nobody knows why."
Some people have built immunity to hysteria bullshit, especially when its apparent that its being politicized. Once the reality that the Wuhan Commie Virus was a ploy to destroy our economy, patriots will make sure that we fight back.
It would be nice not to have wild 7% swings every day.
I'm upping my contributions from 7% to 10%. Buy the dip!
Dont get cocky
Only until 2pm, then Trumps economy will take over for a few hours
Yeah every time it went down I was like, no way people can be any dumber than this and so I didn’t buy puts. I did sell some calls at least. But each time I thought we had hit peak stupid some dude bought some more toilet paper because CoronaZombies can’t cross it or something.
Thank the "Survival" and "Preping" shows on TV. Toiletpaper is presented in those like some holy grail, a must have survival item without which civilisation can not be rebuilt...
It's all so ridiculous. We bought a box of the industrial "large" rolls that you would find in a public bathroom, just to keep on hand in case. It was six rolls. Would last a year almost? ] Was shopping our local store the other day (surprise!) it was $10.47 for 12 little rolls No thanks
I almost get the idea everyone in here is in GenZ.
Its like no one lived through the market crash of 2008.
Keep your fucking $$$ where they are. This will all be memory holed in a month.
Only two stock prices that matter are on the day you buy and on the day you sell.
The rest is just nice nuts!
I don't really do options trading, but seriously, those guys on Reddit WallStreetBets are hysterical. I go on there just for the laughs.
Stock market, take my energy! (๑•̀ㅂ•́)و✧
The rebound after corona is going to Pluto.
1900 point gain
Thoughts create reality